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Accumulate hospitality, retail S-REITs as Covid-19 cases set to peak in Oct: UOB Kay Hian

Jovi Ho
Jovi Ho10/4/2021 1:52 PM GMT+08  • 2 min read
Accumulate hospitality, retail S-REITs as Covid-19 cases set to peak in Oct: UOB Kay Hian
Investors should accumulate reopening plays during this month of heightened uncertainty and volatility.
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Investors should accumulate reopening plays during this month of heightened uncertainty and volatility, as Covid-19 cases are expected to peak in October and stabilise thereafter, says UOB Kay Hian Research analyst Jonathan Koh.

In an Oct 1 note, Koh is maintaining “overweight” on S-REITs, with “buy” calls on hospitality REITs Ascott Residence Trust (ART), with a target price of $1.16; and Far East Hospitality Trust (FEHT), with a target price of 71 cents.

Koh is also recommending “buy” on retail REITs Frasers Centrepoint Trust (FCT), with a target price of $3.06); and Lendlease Global Commercial REIT (LREIT), with a target price of $1.01.

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